Saudi–Kuwaiti neutral zone production is back in December

Saudi–Kuwaiti neutral zone production is back in December
Saudi–Kuwaiti neutral zone production is back in December

The Kuwait Gulf Oil Company (KGOC) completed the procedures forthe return of production last week to resume production next December.

The KGOC completed its regulatory procedures for the returnof production in the Khafji and Wafra oilfields jointly last week after itsBoard of Directors approved the maintenance contracts required by the Wafrafield.

Acting Chief Executive Abdullah Al-Sumaiti issued a decision tospeed up the operation of the Nuwaisib Port, the borders of Kuwait with KSA, forworkers in the divided area of Khafji area.

The divided area covers an area of ​​5,770 square kilometers on theborder between the two OPEC members states; Saudi Arabia and Kuwait, which wasnot included in the demarcation of the border between the two countries in1922.

The two countries cut production from the Khafji and Wafra oilfieldsmore than four years ago, cutting about 500,000 bpd, or 0.5% of global oilsupply.

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